Broker Complaints: Dougherty & Company (CRD# 7477)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the Minnesota-based brokerage and advisory firm Dougherty & Company (CRD# 7477).

Formed in Delaware in 1997, Dougherty & Company is headquartered in Minneapolis, Minnesota and registered with 52 US states and territories. Deborah Hable is Operations Manager; Jeffrey Jacobson is Executive Vice President; Mark Johnson is Vice President; Gerald Kraut is Chief Executive Officer, President, and Board Chair; Michelle Sandberg is Chief Financial Officer; Pamela Ziermann is Chief Compliance Officer.

According to the firm’s BrokerCheck report, Dougherty & Company is the subject of 21 regulatory sanctions and 12 customer complaints that evolved into arbitration.

In 2015 the US Securities and Exchange Commission (SEC) sanctioned Dougherty & Company following allegations the firm failed to conducted adequate due diligence in connection to the sale of municipal securities. The firm was issued a fine of $250,000.

In 2010 the Financial Industry Regulatory Authority (FINRA) sanctioned Dougherty & Company following allegations the firm failed to sell corporate bonds at a fair price. The firm was censured and issued a fine of $75,000.

In 2007 the National Association of Securities Dealers (NASD) sanctioned Dougherty & Company following allegations the firm failed to sell municipal securities at an aggregate price that was fair and reasonable. The firm was censured and issued a fine of $167,500.

In 2001 a customer alleged Dougherty & Company breached its fiduciary duty, executed unauthorized trades, churned an account, and misrepresented material facts related to an investment. The complaint resulted in an award to the customer of $73,341.

In 1995 a customer alleged Dougherty & Company made errors with respect to account charges. The complaint resulted in an award to the customer of $5,000.

In 1992 a customer alleged Dougherty & Company misrepresented and omitted material facts related to an investment, failed to supervise, and made unsuitable investment recommendations. The complaint resulted in an award to the customer of $23,500.

In 1992 a customer alleged Dougherty & Company engaged in churning, misrepresented material facts, acted negligently, and recommended an unsuitable investment. The complaint resulted in an award to the customer of $60,000.

If you or someone you know has lost money investing with Dougherty & Company, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.